So, the kind of newest trend I suppose

or maybe it's not a trend right now, but

something that's been going on for a

while is uh doing the poly market

trading bots and um well, I've been kind

of looking into it and you can see the

leaderboards on Poly Market, let's just

say

uh monthly, you can see, you know, some

of the the traders their profit like

some people are making more than a

million per month. Like if we scroll

down here, this is top 20. Let's just do

page two.

We have a monthly top 36 sensei.

Um he might have been quite lucky here.

You know, some of these traders, they

are um they are not bots, but they are

just traders.

See this one here? This one looks like

like just a regular trader maybe. And

then we have someone like this.

One month they have a profit of

$500,000. This is an account I saw

shared on uh on Twitter. You can also

see how many views it has here. And this

for sure is is is a trading bot.

And uh it trades the um you know only

crypto 15 minutes minute market. So, we

have these uh Bitcoin up and down

15minut market and uh let me just

refresh the page here

and this one there's like 1 minute left

and then it goes to the next one and you

basically just try to predict will

Bitcoin go up or down within the next 15

minutes and uh there's a few bots here

now that trades this and I know now that

the poly market they added a fee so it

makes the bots less viable but there's

still a lot of different markets on on

Poly market and I have been working a

little bit on a on a bot now that it's

far from finished but I'll just

demonstrate how it works. I can do the

market uh sl which is this part up here

in the URL and put it into my tool and

um let me just refresh it for a moment

here.

Then I can start monitoring and now it's

just going to stream in the the data

here when the when the market starts. So

now this market here will start in it

actually started

you can see here now that it we get data

in here on the on the console and then

what I've done in this this bot is that

I have I I have a method to record the

data. So this is all data that we are

streaming in from Poly Market. They have

a they have an open websocket that you

can connect to and get the data and then

I I store the data to a CSV file here.

You can see here that if I just go down

that it's going to stream the data. So

that means that I can in the future just

basically re um rerun a market again and

again if I want to try out different

strategies for a certain market. Yeah,

you can make a strategy fit exactly that

market and then maybe the next market is

not going to work. Um, and that's fine,

but but this allows me to get down a lot

of data and and write different uh

strategies.

And there's several different strategies

that you can uh you can run on on Poly

Market that I have been looking into.

So, the two strategies that I'm looking

into right now, basically just trying to

copy this guy here. So what he does is

on poly market you have a uh price you

know up and down

and uh now the market is very efficient.

So this will happen in a very rare case

where the the total price of a pair is

below one US dollar. So in a in a

completely efficient market, the the

price of of the prediction if it's going

to go up or down should always be $1.

But sometimes it's not. Sometimes the

price will actually be 99 cents or 98

cents for the for for something that's

actually worth $1 because let's say you

buy both sides of the trade um and you

just hold both of the tokens to the to

the when the market resolves then well

then you get $1. But think about if you

can actually buy both sides and it only

cost you 99 cents then actually you make

1% on that trade. But the caveat here is

that now they introduced uh fees

specifically on the 15minute

uh markets here. So so it's probably not

viable exactly. But I thought to myself,

let's just try this out um to simply

just copy this guy here and uh let's see

one day. I mean he's still making look

at this. He's made $83,000

the past 24 hours.

83,000

and I mean it's it's just mindboggling.

So you can see here how he he takes both

positions, right? So here he has the

Solan up and down January 8 245 to 3:00

a.m. This is uh he have about a,000

shares at up and then he have uh about

more than a,000 shares down.

He pays 66

cents

for up and then 44 cents for down which

is actually $1. We want to see both

sides. This is so see how many he does

does all the time. So he did 83,000 for

one day but if you look at his activity

each of the trades is like $1 like

170.44

like one and a half share and it's on

the same market. it just keeps adding to

his uh positions depending on some kind

of of criterias that he have is in uh is

in his um strategy. Right.

So let's take a look at some of these uh

bitcoin up and down gener 83 to 315.

So that's $100

down 70

and um

and then up here is

29.

So I know that these don't add up, but

it might

well I guess it actually does, right? So

he did um

he he bought

these tokens

150 uh 130 130

157 shares at 70 cents each one minute

ago and then since then he has added to

a position

right 10 shares 29 so that's that's

basically 1% gain 1% gain here and this

this is uh 28.

So that's actually a 2% gain, right?

Because what what is he paying here in

total? So that's 70 plus uh 28 and it's

only five shares and then 28 29 29 29 29

29. So he basically just he puts a

position

and then

he adds shares.

He's basically just scalping like 1%.

Um,

so how that's kind of tied in with the

fees, I'm not sure about. I'm not

exactly sure how much the fees is

because the fees fee structure also

depends on the price of the um of the

token. So if you if you buy a token

where the price is like 50 cents, it's

more compared to like the edges of the

market. like if you have 90 cents and 10

cents then the fees will be less. So

here he buys kind of at the edges of the

market. I don't know if that's something

he does consistently. If you just only

look at these two trades, you have no

risk, right? Because if he buy both and

hold to expiration, he will get $1

worth,

right? For sure like per per um per of

the shares. But he only paid 49 plus 31.

So that's uh five, six, seven, eight. So

that's 80 cents. So actually just of

these two trades, it's like 20%. That's

the 20% um return just there.

It just seems like he adds small amounts

to the position

whenever his algorithm

determines that it is a good trade in

one way or the other. But basically he

does a almost zerorisk strategy

somehow by trying to to to buy both

sides of the trade. So he's like risk

neutral but try to get a discount on it.

So if you buy both sides the value

should be $1,

but he tries to get it to a discount in

in his trading strategy. So, um, so

basically this is what I'm trying to to

uh to make. And and look at this. Like

his position value right now is only

31,000

and his whole profit loss is more than

600,000. Like he's just printing. This

is basically just printing money.

That's crazy. Yeah. Anyway, so this is

basically what I'm working on. And uh

right now I have uh what I showed you uh

the ability to record

these trades and then I have um

different strategies.

So I have my default strategies which is

basically uh what we're looking for when

we have a pair price that's less than a

certain amount then we want to put a

trade. Um but but but now when I've been

testing the few like hours and days, um

it's very rare that the price of a pair

at the same time

is is is lower than one $1. And if it

is, it's only like very milliseconds.

And and from what I can see how he does

it, it's not exactly where he finds a

specific time where both pairs line up

exactly where it's it's a good price,

but he kind of adds on to it. So he kind

of balances his accounts uh somehow all

the time, right? So I think that's what

I'm going to try to mimic. Um and then

um uh yeah, try to keep you posted like

um and and see how it goes. So that's uh

all for today. Have a good one.